What is the wr technical indicator? The wr technical indicator, also known as the Williams indicator, is a relative strength and weakness swing indicator through the range of individual stock prices (opening, closing, high, and low prices) in a certain period of the market. In the stock trading software, the default parameter indicators of wr technical indicators are 10 days and 6 days, and the smaller the parameter indicator, the greater the fluctuation.
Tips for using the wr indicator
wr technical indicators In the process of practical trading reference, the overall fluctuation of the graph is in the range of 0-100 amounts, 100 is the top of the graph, 0 is the bottom of the graph, and 50 is the central axis of the graph. When the graphical trend is above the 50 central axis, it indicates that the stock price has turned into a strong recovery range. When the graphical movement is below the 50 central axis, it indicates that the stock price has turned into a weak adjustment range.
If the wr technical chart moves repeatedly below 20 after repeatedly oscillating in the range around 20, it indicates a short-term selling point signal in the technical graph. If the wr technical chart trend repeatedly breaks through 80 after oscillating in the vicinity of 80, it indicates a short-term buy signal in the technical chart.
If the trend in the wr technical graph is in the 0-20 range repeatedly oscillating 3-5 times, it means that the stock price is weak in the long-short game, and the individual stocks have a short-term probability of falling. On the contrary, the trend in the wr technical graph is repeatedly oscillated 3-5 times in the 80-100 range, indicating that the stock price is strong in the long-short game, and the individual stocks have a short-term probability of rising.
Investors need to pay attention to the fact that because the wr technical indicator parameters indicators are small, the indicators are more sensitive, the fluctuation frequency is faster, the error rate is higher, investors need to use caution, and cooperate with other indicators and market conditions and individual stocks for reference
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